MLS® ID: PABK248516

505 OLEY STREET

READING, Pennsylvania, 19601

$150,000 Pending
  • 6 Beds
  • 4 Baths
  • - SQFT
Attention Investors! Very large Centre Park Historic District Victorian brick & stone 4 unit fully rented and in overall good condition. All heating expenses are paid by the tenants. Owner pays for water/sewer, trash, recycling and common area electric. Unit 1, 1st floor has 5 rooms, 2 private BRS, rented for $760/month by a 2 year tenant on a M/M basis. Gas hot water heat, gas hot water, electric range/oven, has laundry in basement and pays $35/month towards the water & utilities. Washer & dryer belong to tenant's for unit 1. Unit 2, 2nd floor front has 3 rooms, 1 BR, rented for $600/month. Electric baseboard heat, electric hot water, gas range/oven. Unit 3, 2nd floor rear has 3 rooms, 1 BR, rented for $575/month by a 2 year tenant on a M/M basis. Electric baseboard heat, electric hot water, gas range/oven. Unit 4, 3rd floor has 5 rooms, 3 BRS, rented for $725/month. Electric baseboard heat, electric hot water, gas range/oven. Expenses: Water/Sewer/Trash/Recycling - $3,960. Insurance - $760. Owner's electric - $312. Permits - $100. Excellent money making investment property producing a 16% Cap Rate and located in one of Reading's premier neighborhoods! Competitively priced and will not last in this hot real estate market with very low inventory! NO WEEKEND SHOWINGS WILL BE PERMITTED!
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Listing courtesy of RE/MAX Of Reading

Amenities

  • Full baths
    4
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    4
  • Zip
    19601
  • Office name
    RE/MAX Of Reading
  • Subdivision
    CENTRE PARK HISTORIC DIST
  • SQFT
    0
  • Bedrooms
    6
  • Property type
    Twin/Semi-Detached
  • Zoning type
    R3
  • School district
    READING
  • Year built
    1900
  • Lot size
    0.06
  • Sewer
    Public Sewer
  • Heating
    Hot Water
  • Agent name
    Jose M Candelaria
  • Purchase Type
    Active
  • Price Range
    $100k-$200k
  • Square Feet Range
    < 1000 sq ft.
  • Bedrooms Range
    6 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    RMREADIN
  • Agent ID
    3142177

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